Have you heard that California home values have gone up 4.7% over the past year and Zillow predicts they will rise another 7.3% this year? This is great news for home owners. Whether you have been thinking of selling your home, or not, as a property owner you should keep an eye on how your investment is going. If you’re thinking of selling, knowing how much your home is worth is essential for pricing it right to attract buyers to make an offer. If you’re thinking of holding off, as a real estate investor, you should know whether your home has risen in value or not and here in California it appears as if it has.
So how do you check the value of your home? Simply visit HomeValueByNick.com and enter your home address. It’s pretty simple. Instantly, you’ll receive a free comprehensive home report. With this number, there are possible ways to increase it even more. As a top Realtor, I have numerous strategies that have helped home sellers increase the value of their home even further to maximize their return on investment and I can help you too.
Now, if you have been on the fence of selling your home, here are some thoughts to consider that it may be the right time to list or at least prepare your home for listing.
1) Are you feeling cramped in your home? Overtime, whether your family has grown, your belongings have increased, or you’ve adopted more residents (i.e. pets or extended family), the place can become cramped. One option is to do an add on. However, adding on to your property doesn’t always increase the value. In fact, many times homeowners have discovered that after they invested and made a big improvement to their home, they’re only able to see a small or even no return on their investment. In which case, it may be a better option to purchase a new home with opportunities for a larger return on investment. On a similar note, if your home’s style is a bit outdated for your taste, you do have the option of remodeling it. But, in certain situations, remodeling won’t offer you a return on investment either. Factors to consider are the neighborhood, comparable properties, and highest price points. If you have any questions on this…and would like to learn more about selling or remodeling, don’t hesitate to contact me to chat.
2) Conversely, do you have too much space in your place? Perhaps you’re an empty nester. Perhaps it’s becoming too difficult to maintain and upkeep a larger home. Perhaps with utilities, mortgage, taxes, etc…it’s becoming too expensive to live in a larger property. If any of these sound familiar, it might be an indication that it’s time to move.
3) Have you outgrown the neighborhood? Do you need to move to place your child in a better school system? Would you like to move closer to work? Are you under the strict rules of a homeowners association and would like a little more freedom? Let’s be honest, are your neighbors annoying? Again, if any of these sound familiar, then contact me and we can discuss what options are available.
In short, if you’ve been thinking of buying or selling a home in 2019, you should start looking at your options as soon as possible. For a list of available listings, please contact me or search below. To instantly see how much your home is currently valued at, click below.
Want to view available listings?SEARCH THE FULL MLS HERE.